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Question: How do you access Bitcoin exchanges?
I use the native web interfaces. - 11 (57.9%)
I use my custom-coded trading bot to trade via API. - 5 (26.3%)
I use a third-party desktop trading platform via API. - 1 (5.3%)
I use a third-party web-based tool to automate trailing stops, iceberg and VWAP orders. - 2 (10.5%)
Total Voters: 19

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Author Topic: Bitcoin Algorithmic Trading Tools  (Read 2059 times)
xiaomei
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February 22, 2012, 03:06:36 AM
 #1

Bitcoin exchanges provide simple interfaces to enter market and limit orders.  However there is a lack of algorithmic trading tools.  Bitcoinica provides limit and market trailing stops.  Anything more complicated requires using a custom-coded trading bot or adapting a third-party tool to consume real-time market data and enter orders via API.  I want to gauge the need for a web-based tool to display consolidated market data and allow for complex order types in a standard way to all Bitcoin exchanges.  Think Bitcoincharts but for market data and order entry.
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shtylman
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February 22, 2012, 05:46:13 AM
 #2

Bitcoin exchanges provide simple interfaces to enter market and limit orders.  However there is a lack of algorithmic trading tools.  Bitcoinica provides limit and market trailing stops.  Anything more complicated requires using a custom-coded trading bot or adapting a third-party tool to consume real-time market data and enter orders via API.  I want to gauge the need for a web-based tool to display consolidated market data and allow for complex order types in a standard way to all Bitcoin exchanges.  Think Bitcoincharts but for market data and order entry.

If it were up to me I would only use it if it were open source and I could run it myself to do trading. Not sure how much I would trust a 3rd party to connect on my behalf to the exchanges to do trading. I realize Bitcoinica does this (from what I understand) but that always irked me a bit. I guess if you manage the amounts in your exchange account to within some risk you are willing to handle it would be good.

I personally have been working on a node.js library for some basic algo trading. It is capable of supporting multiple exchanges and a web interface could be put on top of it pretty easily.
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